Chris Lori

Chris Lori, CTA

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economic calendar

Forex Factory Calendar

FXstreet.com: Fundamental: Reports on Interest Rates

China: Another rate cut from PBoC
The Peoples Bank of China (PBoC) today cut its leading 1 year benchmark lending and deposit interest rates by 27bp to 5.21% and 2.25% respectively. This was the fifth rate cut in less than three months (see chart 1). In addition, the reserve requirement ratio (RRR) for smaller commercial banks was cut by 50 bp to 13.5% and the RRR for major banks was cut by 50 bp to 15.5%. In light of the very weak November numbers released for the Chinese economy, the rate cut does not come as a surprise. On

Japan: BoJ cuts leading rate by 20bp and turns to quantitative easing "light"
Overview: As expected the Bank of Japan (BoJ) this morning cut its leading O/N target rate by 20 basis points to 0.1% in a seven-to-one vote - with one of the board hawks, Tadeo Noda, dissenting on the interest cut decision. In addition, the BoJ increased the target for outright purchase of Japanese government bonds (JGBs) and will soon start to purchase commercial paper outright. The BoJ also left the deposit rate (interest rate paid on banks excess reserves) unchanged at 0.1%. The interest

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FXstreet.com: Forex Forecasts

EUR/USD Daily Outlook
INTRA-DAY EUR/USD OUTLOOK : 1.3426 Updating time : 06 Jan 2009 08:17 GMT As euro has remained under pressure, suggesting recent decline remains in progress n weakness twds 1.3400/05 can't be ruled out, however, loss of down ward momentum shud limit downside to 1.3380 n yield rebound later today. Stand aside for now n buy dips for day trade. Abv 1.3460/65 wud signal low possibly made, 1.3500. Range Forecast 1.3425 / 1.3465 Resistance/Support R: 1.3546/1.3568/1.3618 S: 1.3415/1.3370/1.3330

New Year and New hope in Markets
Last week’s currency trading review The Dollar was little last changed over the holiday period with quiet markets. Stocks did experience a rally on the first trading day in 2009 and this helped to improve risk sentiment. On the data front December Consumer confidence slipped to a record low 38 vs. 45.2 previously. Improvement was seen in the weekly Unemployment Claims falling to 492K vs. 586K previously. On Friday we saw the December Manufacturing ISM drop to 32.4 vs. 35.5 previously. The Euro

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Chris Lori | Forex Blog | Forex News and Headlines

Cable taking a Sterling Pounding

02/09/08 21:41

Cable taking a Sterling Pounding on slow growth and call for substantial cuts

At the peril of many day traders, thin liquidity over the holiday weekend has further compounded the extensive August moves. Unless your method of trading is suitable to current conditions, take caution until efficiency and price stability take effect.
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Tags: GBP

GBP/USD Likely to see price stability in the near term

14/08/08 20:49

Pound suffered losses against the major's for 9 consecutive days. While GBP has suffered partially due to Eurozone weakness reflected in GDP, the UK remains behind the curve of market reaction to pricing in declining economic growth and tightening of interest rate spreads vs the majors. Read More...

Tags: GBP

USD can't find reason to rally amid the negative sentiment and data

02/07/08 23:43

Naturally, the USD can't find reason to rally amid the negative sentiment and data. ADP employment reported showed -79k contraction in the private job markets, much worse than expectation of -20k. Read More...

Tags: USD, EUR, GBP, AUD, JPY